Demand for imported cars slows down Parallel imports approach last year

In September, imported vehicles sold 83,000 vehicles, a year-on-year decrease of 1.8%; cumulative sales of imported vehicles from January to September totaled 664,000, an increase of 1.9% over the same period of last year, and the demand for terminals slowed down. Wang Cun said that there was no such positive demand for imported products. Terminal sales volume in the first three quarters showed a slight increase. In the single month, the number of sales in July, August and September declined slightly. Demand recovery is relatively weak, and it still maintains relative recovery in the fourth quarter.

Luo Lei, deputy secretary-general of the China Automobile Dealers Association, said that this year's imported cars are different from the past, with the rapid growth of parallel imported cars as a bright spot, and with the promotion of the double-point policy, parallel imports in large displacement vehicles May make a difference.

A few days ago, according to data released by the China Automobile Dealers Association, in September, China’s total automobile imports were 103,000, an increase of 26.1% year-on-year; from January to September, cumulative imports were 884,000, an increase of 18.2% year-on-year, and imports continued to grow steadily. .

Wang Cun, director of the Import Vehicle Professional Committee of the China Automobile Dealers Association, said that compared with the first two quarters, the growth rate slowed down in the third quarter, indicating that the intensity of covering stocks is declining. At present, the inventory replenishment has been basically completed and will maintain a relatively balanced state afterwards.

In terms of sales volume, in September, imported vehicles sold 83,000 vehicles, a year-on-year decrease of 1.8%; cumulative sales of imported vehicles from January to September totaled 664,000, an increase of 1.9% over the same period of last year, and the demand for terminals slowed down. Wang Cun said that there was no such positive demand for imported products. Terminal sales volume in the first three quarters showed a slight increase. In the single month, the number of sales in July, August and September declined slightly. Demand recovery is relatively weak, and it still maintains relative recovery in the fourth quarter.

However, the imported car inventory seems to have suffered little, and it has remained relatively stable until now. In September, the inventory depth of the imported car industry was 3.51 months, a decrease of 0.27 months from the same period of last year. Wang Cun said that the increase in imports and sales are basically balanced, and the dealer pressure and inventory depth are relatively small, and the industry is relatively balanced. This state is relatively healthy at present.

In the past two years, parallel imported vehicles have maintained relatively high growth, which is inseparable from a series of policies and promotion activities. In September, the total number of parallel imported cars in China was 15,000, and cumulative parallel imports were 125,000 from January to September, a year-on-year growth rate of 39.3% and 46.2% respectively; from January to September, parallel imported cars accounted for 14.1% of total imports. It was flat with 14.1% from January to August.

In terms of different models, in September, the number of passenger cars imported was 102,000, a year-on-year increase of 26.0%, and all three models have seen growth. According to statistics, in September, the import volume of cars was 43,000, an increase of 43.2% year-on-year; SUV imports were 55,000, an increase of 16.4% year-on-year; MPV imports were 0.4 million, an increase of 8.6% year-on-year. Wang Cun believes that due to factors such as domestically produced MPV, the growth rate of this model is relatively slow.

For terminal sales, terminal sales of SUVs declined, which was a year-on-year decrease of 2.4%; sales of MPVs and sedans increased, with sedan growth of 6.3% and MPV growth of 16.2%.

In addition, among the top ten brands of imported cars, other brands have achieved growth except Porsche brands which have fallen by 16.3%. Among them, BMW, Mercedes-Benz and Lexus ranked in the top three, with an increase of 37.8%, 5.6%, and 19.9% ​​year-on-year respectively; Toyota had a significant increase of 32.7%; Lincoln, Land Rover, and MINI all had substantial growth of more than 95%, an increase of 161.1, respectively. %, 98.9%, and 95.1%; Volkswagen has a 49.7% year-on-year growth, Audi also has a clear recovery, an increase of 31.5%.

In terms of terminal sales, BMW, Mercedes-Benz, Lexus, Porsche, and Volkswagen are among the top five, and their rankings are basically stable. However, from the perspective of September, Mercedes-Benz's monthly sales increased by 6.4% year-on-year, exceeding BMW's 9.7% year-on-year decline. one. In addition, sales of seven of the top ten brands in the month increased, and Ford led the explorers with a brand growth of 69.1%.

Luo Lei, deputy secretary-general of the China Automobile Dealers Association, said that this year's imported cars are different from the past, with the rapid growth of parallel imported cars as a bright spot, and with the promotion of the double-point policy, parallel imports in large-displacement models May make a difference.